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by partiallypro
3658 days ago
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That chart is misleading, because it's measuring the top .01%, and the caption gives me the interpretation that it has an agenda. Here's a more leveled look: http://blogs.wsj.com/wealth/2009/09/15/wealth-inequality-shr... There's no doubt it re-accelerated after the crisis, but a lot of that has to do with credit conditions and tight money for the poor, and loose money for the rich. |
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The WSJ article includes this observation: "The world is still staggeringly unequal, with the tiny sliver of those with $5 million or more in assets (we don’t have the exact number but it’s clearly a select club) owning more than the total population of those with $100,000 or less."
Perhaps there was a small inflection in the evolving wealth gap curve around 2008, but it seems minor and transitory. The article's numbers seem consistent with that.